Month: December 2018

Vinod “Vin” Gupta was born on the 4th of July sometime during the mid-40s. He was born in a village north of New Delhi a short distance from Saharanpur. Vin Gupta grew up with only basic needs of food, water, and shelter. The availability of electricity, good roads, constant running water, and normal toilets was but a luxury to him.

Around 1964, Vin Gupta joined the Indian Air Force and he became a Flying Officer in the Engineering Department. Vin Gupta left the Air Force after 3 years, in 1967 having served as the leader of the 14th Squadron. Following his simplistic high school education in one of the schools in the village, Vin Gupta was lucky enough to be able to join I.I.T.

Kharagpur, taking on a degree major in the field of agricultural engineering. Vinod graduated in the same year with a B.Tech degree. Following his graduation, Vin Gupta was granted a position and a graduate internship at the University of Nebraska in the Department of Agricultural Engineering, which by then was under the sole management of Professor Bill Splinter. Dr. Splinter who discovered Vinod Gupta while he was in India teaching temporarily.

After graduating from the University of Nebraska, Vin Gupta relocated to Omaha, and he was able to get work as a marketing analyst at Commodore Corporation; a manufacturer of mobile homes that has over 10 factories within the US.

During his tenure at the company, Vinod Gupta was assigned to analyze the performance of their competitors. To come up with a solution, Vin Gupta acquired the list of all the mobile home dealer companies within the US.

After he got this work, he began to feel as if he could do more and in light of this, he went to a bank and borrowed $100 which he used to print out the list he gave to his company for free, only this time, he sold it to all the rival companies and he got over 100% and that’s how he began his life in business! See This Article to learn more.

The world of e-commerce has been expanding at a rapid pace in the last few years, and one of the companies that have been contributing majorly to the transformation that has been taking place in the e-commerce space is JD. The company was started by Richard Liu Qiangdong in the year 2004, even though he started selling products through the physical stores much before that. He achieved a lot of success by selling products through the stores, but due to the situation of the country during the SARS outbreak, Richard was left with very little options to continue with his business strategy. He decided that it is time he took some major business decisions and switched from selling offline to shifting the entire business online.

Thus, JD.com was created, which went on to become a full-category online retail store and sold not only consumer electronics but also other consumer goods. The marketing strategy implemented by Richard at the time helped JD in pushing its rank in the e-commerce industry. Richard Liu Qiangdong studied sociology from the famous People’s University of China and then went on to study business from the reputed Chinese institute named China Europe School of Business. Go To This Page for more information.

Richard Liu Qiangdong always wanted to become a businessman and start a business venture of his own, and it is for this reason he always looked out for business opportunities. The first business venture he started was a restaurant, but it went on to be a failure. However, he didn’t give up and continued to exploit his business skills to unearth new opportunities in the financial world. Today, Liu Qiangdong is amongst the wealthiest Chinese on the planet worth over twelve billion dollars and counting.

In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership.

Richard Liu Qiangdong is of the opinion that JD has the potential to become number one and he is doing everything in his power to achieve that. But, to be successful, he is not only looking to beat the competition with innovation but also take care of the environment. He is introducing a new packaging system that would help the company save on packaging and also offer incentives to consumers for using such packaging.

Physical bookstores have been facing issues with sales for many years due to a lot of competition, especially online. JD.com is trying to help these book and mortar store despite them technically being their competition. In China, many book retailers are experiencing a sort of revival thank to the efforts of Jingdong.

As the biggest retailer in China, JD.com sells a large number of books through their digital platforms. Jingdong is working with 49 different bookstores across China in order to drive business to their stores and get customers in their doors. They are helping them with logistics, technology, and book ordering so they can carry the books that their customers are looking for. They are doing this as part of their “Retail as a Service” (RaaS) strategy. This strategy also includes assistant for other types of shops such as cell phone stores and restaurants.

The technology that JD.com has developed for their own supply chain is what is being used to help modernize these businesses that are participating in their “Retail as a Service” (RaaS) strategy. One of the problems that Jingdong found these bookstores were running into is an overcomplicated supply chain. One of the stores had more than 60 suppliers that they had to use before joining the RAAS strategy. With the help of JD.com, this particular retailer was able to grow their sales by 30% within less than a year.

One of the other problems that brick and mortar retail bookstores were having is the inability to stock every title that customers wanted from their stores. Unlike JD.com, they just had no way to store all of these titles at their location but they were able to offer a solution. At one of these shops, their customers can simply scan a QR code that will allow them to have the book that they are looking for in their hands within 24 hours. By working together, these bookstores are able to provide an endless selection for their customers to choose from. Jingdong benefits from this arrangement as they keep part of the profits from each sale that is made in this manner.